Rental Loan

7.07%

*

Do you want to purchase or refinance an investment rental property? When you partner with CIVIC, we can provide long-term financing for stabilized rental properties to generate cash flow.

Key Facts About Our Single Rental Loan

Term

30-year fixed, arm options available

Recourse

Full Recourse Only

Loan Types

30-Year Fixed Rate Mortgage (Fully Amortizing)

5/6, 7/6, 10/6 Hyrbid ARMs (Partial IO or Fully Amortizing)

Experience

not required

Loan Purpose

Purchase, rate-term refinance, or cash-out of a single rental property

Minimum Fico

660

Borrower Type

Entity required

Interest Rate

call for quote

Property Types

Single Family Residences (SFR)

2-4 unit properties

Warrantable condos

Townhomes

PUD

Vacancy Maximum

purchases only or leased within 30 days

Rural Properties

not permitted

Foreign Nationals

not allowed from ineligible country list

Lease Requirements

Leased Units: Lower of (i) In-Place Rent & (ii) Market Rent

Unleased Units: 90% of Market Rent (Purchase Loans only)

Maximum Loan To Cost

If Owned < 3 months, 80% of Total Cost Basis

Minimum Loan Amount

$75k - $2.5mm

Maximum loan-to-value (ltv)

up to 80% on purchase and rate & term. Up to 75% on cash-out

Property Or Unit Acquisition Minimum

1 property per loan

Minimum Debt Service Coverage Ratio (Gross Rent/Pitia)

1.10x

Seasoning Requirement (To use value vs. Cost basis)

180 days

Over $8 Billion in loans for Real Estate Investors

Purchase, Rate and Term, and Cash-out Refinance options available. Single asset or portfolio aggregation. Enables investors like you to build a steady stream of income through rental property investment.

What Makes the Single Rental Loan Unique?

  • We treat your rental property like your own small business, and we underwrite to the cash flow it will produce, not your personal income.
  • We don’t limit the number of rental properties you can own, so we give you maximum flexibility.
  • We provide personalized service throughout the entire loan process – from quote to close.

BEGIN TODAY BY TAKING ADVANTAGE OF A RENTAL LOAN